Case Study

Debt Restructuring for a Multigenerational Company 

This mature, multigenerational business provides residential and commercial customers with sales, installation, and service of a key product. After taking on mezzanine debt, they needed a clearer financial picture and a smarter, more sustainable capital structure to continue growing.

Challenge

Overextended Debt, Limited Cash Control, and Accounting Blind Spo

Industry

Manufacturing & Service

Services

• CFO
• Cash Flow Forecastin
• Banking Support

Costly Debt and Financial Uncertainty

GrowthLab was connected with an older multigenerational company that sells, installs, and services a key part for residential and commercial properties. When they came to GrowthLab they needed our help with restructuring their debt, as well as greater cash control and visibility. They were financed over the prior 6-months via mezzanine debt and they began to explore the options offered to refinance all of this debt. Lastly, they needed to gain clarity into some of the accounting data and their numbers.

Restructuring the Capital Stack and Building Cash Discipline

GrowthLab partnered with leadership and their internal accountant to drive a full refinancing effort. We:

• Connected the company to multiple banking partners and structured competitive refinancing options
• Managed the full refinance process—from document prep to banker meetings
• Integrated debt paydown plans into monthly and annual cash flow forecasts
• Built cash flow models to monitor debt service coverage and ensure covenant compliance

Post-refinance, we shifted focus to streamlining operations, improving workflows, and optimizing staffing to increase free cash flow.

Stronger Cash Flow, Lower Interest, Renewed Focus

The refinancing saved the company on interest, improved liquidity, and stabilized operations. With greater financial clarity and control, the business is now focused on sustainable growth—backed by better processes and long-term financial planning.

Advice for Other Business Leaders

Freddie believes that small and mid-sized business leaders need three things to succeed:

1. A clear and communicated vision
2. Great people to execute that vision
3. Reliable financial data to guide decisions
   

Final Thoughts

This partnership helped transform a financing burden into a growth opportunity—proof that smart strategy and sound financial execution can revitalize even the most established companies.